Public Media Institute

Analysis

Public Media Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Public Media Institute reported income of $3.0m and spending of $1.2m, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $239k to $3.0m (+1149%), an average of +88% a year. The sharpest change came in the year to December 2020, when income rose by 593%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Public Media Institute sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Institute of Mathematical Statistics ($3.0m), Hudson Turkish American Cultural Association Inc ($3.0m) and Longue Vue House and Gardens Corporation ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $58k (4.8% of expenses). Other salaries and wages came to $228k. At year end it held assets of $2.6m against liabilities of $140k, net assets of $2.4m. It reported 17 employees.